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West Ham welcome Khan intervention

Filed: Friday, 1st December 2017
By: Staff Writer

A statement released on behalf of West Ham United this afternoon has welcomed the intervention of London Mayor Sadiq Khan.

Following the publication of a report on the Stadium, published by accountants Moore Stephens, Khan insisted that he would be taking personal control of the stadium in order to try and recoup some of the £20million annual losses.

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And that move has been cautiously welcomed by the club, who responded to the report's release with a statement this afternoon.

"As the report confirms, the Concession Agreement is a watertight, legally binding contract signed in 2013 in good faith by West Ham United, who remain absolutely committed to its terms for the entire 99-year duration," it read.

"We have delivered everything we committed to within the Concession Agreement, and act as the primary vehicle for London Stadium’s legacy, delivering its most watched sporting spectacles, revenue driving events and thousands of jobs for local people.

"It is not in West Ham United’s interests for the Stadium to not be performing in line with aspiration and, as we have done ever since moving to Stratford in the summer of 2016, we continue to offer the benefit of our commercial expertise and substantial experience in managing successful stadia.

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"West Ham United will continue to devote our absolute commitment to London Stadium, but our first priority in this sense is always to act in the best interests of our supporters.

“We fully concur that West Ham United has played a significant part in the most successful regeneration programme in the history of the modern Olympics, however the stadium itself craves renewed leadership and direction and we welcome the Mayor’s decision to step in and deliver this. West Ham United is firmly behind him."

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